Mcdonald Capital Investors Inc. CA Sells 5,304 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

Mcdonald Capital Investors Inc. CA lessened its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 387,262 shares of the financial services provider's stock after selling 5,304 shares during the period. Brookfield Asset Management accounts for 1.3% of Mcdonald Capital Investors Inc. CA's portfolio, making the stock its 17th largest position. Mcdonald Capital Investors Inc. CA owned 0.09% of Brookfield Asset Management worth $20,986,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Brookfield Asset Management by 11.6% in the third quarter. Geode Capital Management LLC now owns 1,611,859 shares of the financial services provider's stock valued at $77,293,000 after purchasing an additional 168,170 shares during the last quarter. Laffer Tengler Investments Inc. grew its position in shares of Brookfield Asset Management by 24.2% during the 4th quarter. Laffer Tengler Investments Inc. now owns 147,773 shares of the financial services provider's stock worth $8,008,000 after buying an additional 28,768 shares during the period. Avior Wealth Management LLC increased its stake in shares of Brookfield Asset Management by 2,857.1% in the 3rd quarter. Avior Wealth Management LLC now owns 10,350 shares of the financial services provider's stock valued at $489,000 after acquiring an additional 10,000 shares during the last quarter. Plato Investment Management Ltd raised its position in shares of Brookfield Asset Management by 173.7% in the 4th quarter. Plato Investment Management Ltd now owns 10,369 shares of the financial services provider's stock valued at $564,000 after acquiring an additional 6,580 shares during the period. Finally, Tacita Capital Inc raised its position in shares of Brookfield Asset Management by 19.3% in the 4th quarter. Tacita Capital Inc now owns 47,767 shares of the financial services provider's stock valued at $2,585,000 after acquiring an additional 7,743 shares during the period. Institutional investors own 68.41% of the company's stock.

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Brookfield Asset Management Trading Down 3.9 %

Brookfield Asset Management stock traded down $1.86 during midday trading on Thursday, reaching $45.65. The company's stock had a trading volume of 3,674,451 shares, compared to its average volume of 1,299,807. The business has a 50-day moving average price of $56.06 and a 200-day moving average price of $52.93. The stock has a market cap of $20.23 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50. Brookfield Asset Management Ltd. has a 52 week low of $37.29 and a 52 week high of $62.61.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. Brookfield Asset Management had a return on equity of 81.16% and a net margin of 54.47%. As a group, research analysts predict that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.4375 per share. The ex-dividend date is Friday, February 28th. This represents a $1.75 annualized dividend and a yield of 3.83%. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. Brookfield Asset Management's dividend payout ratio is 132.58%.

Wall Street Analysts Forecast Growth

BAM has been the topic of several recent analyst reports. CIBC lifted their price objective on Brookfield Asset Management from $63.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Scotiabank dropped their price target on shares of Brookfield Asset Management from $63.00 to $62.50 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. StockNews.com cut Brookfield Asset Management from a "hold" rating to a "sell" rating in a research note on Thursday, January 9th. Hsbc Global Res raised shares of Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Finally, HSBC raised shares of Brookfield Asset Management from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $56.71.

About Brookfield Asset Management

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.